Form 4: Supernus Pharmaceuticals SVP & CFO Timothy Dec Reports Stock Transactions
SEC Form 4 Filing
Timothy Dec, Senior Vice President & CFO of Supernus Pharmaceuticals, reports the acquisition and disposal of common stock related to performance share unit settlements.
Summary
- On March 10, 2025, Timothy Dec, the Senior Vice President & CFO of Supernus Pharmaceuticals, engaged in transactions involving the company's common stock.
- Dec acquired 2,000 shares and 1,800 shares of common stock upon the settlement of Performance Share Units granted on February 23, 2023, and February 22, 2024, respectively.
- Simultaneously, Dec disposed of 1,062 shares and 955 shares of common stock to satisfy tax withholding requirements related to the vesting of these Performance Share Units, at a price of $32.06 per share.
- Following these transactions, Dec beneficially owns 12,681 shares of Supernus Pharmaceuticals common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. The vesting of performance share units is generally a positive sign, but the stock disposal to cover taxes is a standard procedure.
Positives
- The vesting of performance share units suggests that individual performance objectives were met.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| February 23, 2023 | Date Performance Share Units were granted to the Reporting Person |
| June 12, 2023 | Date individual performance objectives were established for Performance Share Units granted on February 23, 2023 |
| February 22, 2024 | Date Performance Share Units were granted to the Reporting Person |
| June 24, 2024 | Date individual performance objectives were established for Performance Share Units granted on February 22, 2024 |
| March 10, 2025 | Date of stock transactions (acquisition and disposal) related to Performance Share Units |
| March 11, 2025 | Date of signature on the Form 4 filing |
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